Archive for February 11th, 2010

Central Bank Watch

Chilean Monetary Policy Rate Left at 0.5%

February 11, 2010

Officials at the Central Bank of Chile made no change in their credit policy stance even thought a 0.5% monthly rise of consumer prices in January exceeded expectations.  The benchmark interest rate has been at 0.5% since a cut of 25 basis points last July 9th, and today’s statement reaffirmed that a rate increase is […] More

Central Bank Watch

Swedish Riksbank Revises Likely Path for its Repo Rate

February 11, 2010

Sweden’s repo rate was left at 0.25%, but officials released a statement that indicated an earlier likely first rate hike in summer or early autumn, not “autumn” as indicated previously.  At the same time, the statement also observes that a more gradual progression of tightening is probable during 2011 than envisaged before.  The rate level […] More

Central Bank Watch

Korean Base Rate Stays at 2.0% as Expected

February 11, 2010

The Bank of Korea again pledged to maintain its accommodative monetary policy stance “for the time being.”  An acceleration of CPI inflation to 3.1% in January from 2.4% in November is not expected to persist, and while GDP continues to recover, being 6% higher in 4Q09 than a year earlier, officials said the possibility of […] More

New Overnight Developments Abroad - Daily Update

Dollar Weaker on Lessening Investor Fear

February 11, 2010

The U.S. dollar slumped 1.5% against the Australian dollar, 0.8% versus the kiwi, 0.4% against the yen and Canadian dollar, and 0.1% against the euro and pound.  The Swiss franc is unchanged against the dollar. EU leaders are meeting today.  Markets assume that aid to avert a Greek default and to lay a framework for […] More

css.php